Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 285.43

-2.5%

Dec 31 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: phbolton who wrote (52165)	2/6/2001 9:50:06 AM
From: DJBEINO	Read Replies (1) of 53903

Merrill Cuts Micron Forecasts On Inventory Issues (MU) (NewsTraders.com)--Merrill Lynch analyst Joe Osha commented Tuesday that his research reveals that Micron Technology (MU) has become "significantly more aggressive" in its push to reduce its DRAM inventory, prompting him to slash his fiscal 2001 earnings and revenue estimates for the semiconductor memory company. Osha lowered his fiscal 2001 EPS estimate to $1.42 from $2.86 and cut his revenue forecast for the year to $6.2 billion from $8.2 billion. Despite the reductions, Osha held his ratings on Micron at intermediate-term "buy" and long-term "accumulate," commenting that he feels a weak spring is already priced into the firm's stock. The analyst added that Micron's market position is unchanged. Micron has nearly a quarter's worth of inventory that it is looking to take off its balance sheet, Osha said. Shares of Micron were recently up $0.37 at $38.65.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next